• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 12 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 11 hours How Far Have We Really Gotten With Alternative Energy
  • 1 day "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 2 days Bankruptcy in the Industry
  • 2 days The United States produced more crude oil than any nation, at any time.

News

Shia Militia Smuggles Oil From Kurdistan To Iran: Iraqi MP

Shia Militia Smuggles Oil From Kurdistan To Iran: Iraqi MP

Aug 13, 2018 at 11:18 | Irina Slav

Iran-affiliated militia Hashd al-Shaabi is smuggling oil from the Kirkuk province in Iraq into Iran, a former Iraqi MP told media. Amira Zangana added that the group raided houses…

Top Australian Gas Distributor Accepts CK Infrastructure $9.45B Offer

Top Australian Gas Distributor Accepts CK Infrastructure $9.45B Offer

Aug 13, 2018 at 09:38 | Irina Slav

One of Australia’s top gas pipeline operator APA Group has accepted a US$9.45-billion (A$12.98-billion) takeover bid made by a consortium led by Hong Kong-based CK Infrastructure. The deal should…

The Philippines Fight On Inflation: Sell Dirtier, Cheaper Oil

The Philippines Fight On Inflation: Sell Dirtier, Cheaper Oil

Aug 10, 2018 at 15:24 | Tsvetana Paraskova

The Philippines is trying to curb its inflation running at five-year highs by ordering the companies to make available for sale cheaper but dirtier fuel, backtracking on a ban…

U.S. Sees Sanctions Taking 1 Million Bpd Iranian Oil Off The Market

U.S. Sees Sanctions Taking 1 Million Bpd Iranian Oil Off The Market

Aug 10, 2018 at 13:27 | Tsvetana Paraskova

The U.S. Administration expects that it will be able to persuade Iran’s oil customers to cut their crude imports from Tehran by as much as 1 million bpd, Bloomberg

Big Oil Backs Tesla Short Sellers, Says Wealth Manager

Big Oil Backs Tesla Short Sellers, Says Wealth Manager

Aug 10, 2018 at 13:19 | Irina Slav

Big Oil companies are behind many short sellers seeking to sink the shares of Tesla, a wealth manager has said, adding that Big Oil stood to lose billions if…

Chinese Refiners Relieved As Beijing Backpedals Tariffs On U.S. Crude

Chinese Refiners Relieved As Beijing Backpedals Tariffs On U.S. Crude

Aug 10, 2018 at 10:26 | Irina Slav

Beijing’s decision to not impose tariffs on U.S. crude oil imports has relieved local state refiners, who have been expanding their purchases from U.S. suppliers, sources from the industry

Crystallex Wins Right To Tap Citgo For Compensation

Crystallex Wins Right To Tap Citgo For Compensation

Aug 10, 2018 at 09:18 | Irina Slav

Canadian gold miner Crystallex was ruled the winner in a long-running case against Venezuela, which it has sued for the forced nationalization of its assets by the Hugo Chavez government.…

Trans Mountain Would Still Be Profitable Even If Costs Rise 26%

Trans Mountain Would Still Be Profitable Even If Costs Rise 26%

Aug 09, 2018 at 17:42 | Tsvetana Paraskova

The Trans Mountain Expansion Project would still be profitable even if costs rise by around 26 percent, according to an analysis by Kinder Morgan’s adviser TD Securities included in…

World’s Solar Power Capacity To Hit Major Milestone By 2023

World’s Solar Power Capacity To Hit Major Milestone By 2023

Aug 09, 2018 at 17:40 | Tsvetana Paraskova

Despite the fact that China’s recent policy changes weigh on short-term forecasts, global solar capacity is expected to reach the 1 terawatt threshold by 2023, the latest quarterly report…

PetroChina Looks To Secure LNG From World’s Biggest Exporter

PetroChina Looks To Secure LNG From World’s Biggest Exporter

Aug 09, 2018 at 17:31 | Tsvetana Paraskova

As Chinese demand for liquefied natural gas (LNG) surges amid the coal-to-natural gas switch, companies are looking to secure supplies—and one of the biggest Chinese firms is turning to the…

Ford Rolls Out 10 Millionth Mustang In A Win For Gasoline Cars

Ford Rolls Out 10 Millionth Mustang In A Win For Gasoline Cars

Aug 09, 2018 at 16:55 | Tsvetana Paraskova

Fifty-four years after Ford unveiled its first Mustang, the automaker’s 10 millionth Mustang rolled off the assembly line at Flat Rock, Michigan, as one of Detroit’s Big Three continues…

Iraq Says Crude Oil Production Jumps To 13-Month High In July

Iraq Says Crude Oil Production Jumps To 13-Month High In July

Aug 09, 2018 at 15:00 | Tsvetana Paraskova

Iraq’s crude oil production rose to its highest level in 13 months in July—to 4.46 million bpd, Platts quoted the Iraqi State Oil Marketing Organization (SOMO) as saying on…

1.6M Acres In California Could Soon Be Open To Oil Drilling

1.6M Acres In California Could Soon Be Open To Oil Drilling

Aug 09, 2018 at 13:30 | Irina Slav

Following the end of a five-year moratorium on oil and gas drilling in public land in California, the Bureau of Land Management could open up 1.6 million acres in the…

Plains All American Fast-Tracks 2 Pipelines

Plains All American Fast-Tracks 2 Pipelines

Aug 09, 2018 at 11:33 | Irina Slav

Plains All American is fast-tracking two pipeline projects in West Texas in a bid to alleviate a worsening pipeline capacity shortage in the United States’ most productive oil region, Reuters…

New Round Of Sanctions Could Suspend Russian Oil, Fuels Exports To U.S.

New Round Of Sanctions Could Suspend Russian Oil, Fuels Exports To U.S.

Aug 09, 2018 at 09:39 | Irina Slav

A new round of sanctions that could come into force in three months could put an end to Russian crude oil and oil product exports to the United States, S&P…

Russia Phasing Out Crude Oil Export Duty By 2024

Russia Phasing Out Crude Oil Export Duty By 2024

Aug 08, 2018 at 15:46 | Tsvetana Paraskova

Russia’s President Vladimir Putin has signed into law a bill to phase out Russia’s crude oil export duty by 2024, which is expected to increase export netbacks for oil…

Iran: OPEC Committee Tried To Redistribute Oil Quotas

Iran: OPEC Committee Tried To Redistribute Oil Quotas

Aug 08, 2018 at 15:42 | Tsvetana Paraskova

Iran is calling out the joint OPEC/non-OPEC committee tasked with monitoring the collective production deal, saying that the committee tried to redistribute oil production quotas among some OPEC members…

Kenya, Tullow Oil Agree To Resume Oil Field Operations

Kenya, Tullow Oil Agree To Resume Oil Field Operations

Aug 08, 2018 at 15:38 | Tsvetana Paraskova

The government of Kenya and the local subsidiary of Tullow Oil have agreed to resume oilfield operations in the northern Kenyan county of Turkana, where Tullow Oil shuttered operations…

India’s Top Refiner Buys U.S. Oil To Partially Replace Iranian Crude

India’s Top Refiner Buys U.S. Oil To Partially Replace Iranian Crude

Aug 08, 2018 at 13:59 | Tsvetana Paraskova

Indian Oil Corp, the biggest refiner in India, has purchased a total of 6 million barrels of U.S. crude oil for delivery between November and January, as it has…

Despite Weak Teapot Demand, China’s Oil Imports Recover In July

Despite Weak Teapot Demand, China’s Oil Imports Recover In July

Aug 08, 2018 at 12:45 | Tsvetana Paraskova

China’s crude oil imports in July rose for the first time in three months, but were still at their third lowest monthly level so far this year, as independent refiners…

Oilprice - The No. 1 Source for Oil & Energy News